transfer


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Transfer

To remove or convey from one place or person to another. The removal of a case from one court to another court within the same system where it might have been instituted. An act of the parties, or of the law, by which the title to property is conveyed from one person to another.

Transfer encompasses the sale and every other method, direct or indirect, of (1) disposing of property or an interest therein or possession thereof; or (2) fixing a lien (a charge against property to secure a debt) absolutely or conditionally, voluntarily or involuntarily, with or without judicial proceedings, in the form of a conveyance, sale, payment, pledge, lien, mortgage, gift, or otherwise. The term transfer has a general meaning and can include the act of giving property by will.

Transfer is the comprehensive term used by the Uniform Commercial Code (UCC)—a body of law adopted by the states that governs mercantile transactions—to describe the act that passes an interest in an instrument (a written legal document) from one person to another.

transfer

n. 1) the movement of property from one person or entity to another. 2) passage of title to property from the owner to another person. 3) a piece of paper given to allow a person or shipment to continue travel.

transfer

verb assign, bequeath, bestow, carry, conner, consign, deed, deliver, deliver over, demise, devolve, forward, grant, hand on, pass, pass on, remove, send, shift, traducere, transferre, transmit, transmittere, transport
Associated concepts: transfer an interest
See also: abalienate, assignment, attorn, banish, bear, cargo, carriage, cede, cession, confer, consign, consignment, convert, conveyance, copy, deed, defect, delegate, delivery, demise, deport, devise, devolution, devolve, dispatch, dispensation, displace, disposition, exchange, give, grant, impart, move, reassign, refer, relegate, remand, removal, remove, replace, replacement, sale, send, subrogation, supplant, transmit, transmittal, transport, yield

transfer

to make over to another rights in or interests over property; sometimes the term is used as a noun to denote the instrument by which this is effected.

TRANSFER, cont. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter.
     2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. Dig. 50, 17, 54 10 Pet. 161, 175; Co. Litt. 305.
     3. To transfer means to change; for example, one may transfer a legacy, either, 1st. By the change of the person of the legatee, as, I bequeath to Primus a horse which I before bequeathed to Secundus. 2d. By the change of the thing bequeathed, as, I bequeath to Tertius my History of the United States instead of my copy of the Life of Washington. 3d. By the change of the person who was bound to pay the legacy, as, I direct that the sun) of one hundred dollars, which I directed should be charged upon my house which I gave to Quartus, shall be paid by my executors.

References in periodicals archive ?
Because the transfer was deemed to have occurred in 1997, the Ninth Circuit declined to consider the applicability of Regs.
Also, the transfer was for full and adequate consideration because (i) the transferors received interests in the LLC in proportion to the assets transferred; (ii) the transfers were credited to their capital accounts; (iii) capital accounts were adjusted for contributions and distributions; and (iv) liquidating distributions were to be based upon capital account balances.
These dynamics add to the complexity of effective transfer pricing policy management and controversy avoidance, especially when coupled with the prevailing attitude, held by many tax authorities, that MNCs use transfer pricing schemes to avoid taxation.
Geography plays a huge role in whether a college is a transfer powerhouse, particularly to students who are stuck in one location because of their jobs, said Murray J.
The Transfer Center front-office staff provides students with transitional support services.
Quicker transfer of heart attack patients is the solution, according to Keeley.
The principal, Winerip wrote, had been "informed by city officials that she would be receiving many additional student transfers under the federal No Child Left Behind law.
Kimbell's interests in the LP and LLC based on lack of control and marketability, of the LR The IRS subsequently audited the Kimbell estate, determining that the transfers to the LP and LLC were subject to section 2036(a) and that the value of the assets transferred should be included in the gross estate.
Assuming that A in Figure 6, reproduced below, wishes to transfer eligible assets to D, would D have to pay tax on 37 percent [100 D (90 x 70)%] of the value?
Never make a transfer with the resident barefoot if at all possible.
Since implementation of our universal transfers program, workers' compensation data indicate that facility staff has experienced 28% fewer back/shoulder/neck-related injuries and 23% fewer muscle pull/strain injuries, and a 29% reduction of workers' compensation injuries overall.
For our calculations, patient admissions will be our unit of transfer.